Wednesday, December 31, 2014

The Melnick State of the Economy Index Rose by 0.1 Percent in November


Slow growth in the business sector
The weakening of the shekel reduced probably, the imports index
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The Melnick State of the Economy Index rose by 0.1 percent in November 2014. The development of the index indicates economic activity growth at a moderate rate.  It appears that the rate of growth in the business sector returns to the level of the first half of 2014 after its weakening in the third quarter. The industrial production index and the revenue in commerce and services fell in October after their recovery, following the end of operation “Protective Edge".  The imports index, which consists mainly of imported inputs for domestic production, continued to decline; this decline is probably related to the weakening of the shekel.  The number of employee posts in the business sector increased, reflecting the stabilization of the labor market after a period of weakening.


The November index components include: a decrease of 1.2% in the index of industrial production in October, after rising by 0.8% in September; A decrease of 0.3% in revenue in commerce and services in October, after rising by 2.6% in September; A decrease of 0.7% in the Imports Index in November, after falling by 2.7% in October, and an increase of 1.4% in the number of employee posts in the business sector in September, after falling 0.6% in August.
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